Word: hiked
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...news brief released earlier this week MIT Chancellor Paul E. Gray said "increases in wage and salary costs, prices of services, energy, and materials essential to the operation of the Institute," caused the hike. As a non-profit organiza on facing a deficit, MIT is exempt from President Carter's suggested price increase ceilings...
...would greatly exceed his 5% wage-ceiling guidelines. The dam began to burst last fall, when Ford Motor Co. workers wrested a 17% raise after a bruising two-month strike. Since then, few unions have been willing to settle for less. The truckers, for example, have spurned a 15% hike proposed by the country's haulage firms and are demanding 22.5%; public workers want up to a whopping 41% increase. Even Callaghan himself has violated his own guidelines. In a fruitless effort to head off the government employees' walkout, he dangled increases of 8% to 9% before...
Getting a deregulation bill through Congress may take three years. Prospects are brighter for a 1979 bill giving railroads more freedom to set rates; railmen are for it. Interestingly, O'Neal doubts that rail deregulation will do much good. He fears that it would be used to hike rates, not cut them, and considers trucking deregulation more important. Since trucks haul just about everything that Americans buy or sell, he is probably right...
...budget to trim. Probably the biggest clash will be on defense spending, which Carter wants to boost by 3% in real dollars. Exercising more influence in the Budget Committee than in the House as a whole, advocates of increased social spending may be able to prevent the hike in military spending. Says David Obey, a liberal Democrat from Wisconsin: "I am not going to tell old people that they have to bear a double load because our NATO allies need more money for defense...
...which the Khomeini loyalists are using that power is to hike their wages. According to a strike leader, the average salary in the oilfields in prestrike days was $71 a month. Now the workers have demanded, and received, across-the-board raises of 22½%. They have also ordered the Iranian army out of the fields. Says NIOC District Manager Amraie: "The workers are calling the shots. It's now what they wanted it to be-a strictly Iranian operation." The beleaguered executive admits that there have been some ominous telephone threats, but unlike his boss, Hushang Ansary...